[lbo-talk] a fresh rant on the bailout

[Gar Lipow]

>> On Tue, 10 Feb 2009, Doug Henwood wrote:
>> Thirdly, is it certain that the stress-testing that Geithner talks about
>> can't be a path to nationalizing the banks that fail it in the near future?
>>  That this isn't an exercise in laying political groundwork for
>> nationalization?
>
> Could be. Looks to me more like they're trying to do everything but
> nationalize, but they may be forced into it fairluy soon.

Or as Duncan Black (Atrios) puts it

"Nationalize Them .. Or we can just light a pile of money on fire and
then... nationalize them."

http://www.eschatonblog.com/2009_02_08_archive.html#8823505778584293114